What Subprime Lending Growth is Telling Us About the Economy
The Canadian Investor
The Rise of Subprime Lending in Canada
This chapter examines the financial performance and growing trend of subprime lending in Canada, particularly focusing on GoEasy's recent earnings amidst high policy interest rates. It highlights the increasing reliance on Home Equity Lines of Credit (HELOCs) and the implications for consumer behavior and discretionary spending. The discussion also covers the associated risks and economic pressures faced by both consumers and lenders in the evolving financial landscape.
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